Evergrande is still troubled, as are other property developers who have also run into stress. So what does it mean, and what are China’s goals here? On this episode, we speak with Travis Lundy, an independent analyst on the Smartkarma platform, who has studied these companies in depth. He explains why things have gotten worse, and what China’s goals are with a property sector that historically has been so crucial to its economic model.
Joe Weisenthal and Tracy Alloway analyze the odd patterns, the complex issues and the newest market crazes. Join the discussion each Monday and Thursday for interviews with the most interesting minds in finance, financial aspects and markets. Toward the end of last year, the enormous Chinese property developer Evergrande began running into serious financial distress, as its securities tumbled and disappointed clients confronted delays in getting their homes. From that point forward, it’s deteriorated.
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